Excavator Backhoe Market Is Expected To Grow Owing To Increasing Investments In Construction And Mining Sectors Till 2021 | Million Insights

October 09 10:00 2017

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According to new report available with Million Insights, Excavator is one of the major segments of the construction equipment industry. It is widely used in applications such as commercial construction, mining, residential construction and sewage disposal. The excavator backhoe market is expected to grow during the forecast period due to the increase in investments in construction and mining sectors and rise in awareness about waste management.

The global excavator backhoe market, on the basis of application, is segmented into infrastructure, mining, waste management, and so on. Excavator’s also known as hydraulic excavators are heavy construction equipment that plays an important role in the excavator backhoe market. Excavator is one of the major segments of the construction equipment industry. It is widely used in applications such as commercial construction, mining, residential construction and sewage disposal. An excavator comprises a backhoe called rear actor or back actor, dipper or a stick, digging bucket and cab on a rotating platform known as a house.

The backhoe draws towards itself the bucket attached. The dipper or dipper stick carries the bucket. The digging bucket digs the soils from the ground while the cab on the rotating platform dumps the soil at the required place. Excavator is used to excavate soil of different forms. There are various types of excavators available in the market. They are also available in different power ranges. In terms of power range, the excavators backhoe market can be segmented into 0-300 HP, 301-500 HP and 501 HP & above.

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In terms of type, the excavator market can be divided into mini, heavy, wheeled and crawler. Mini excavator is also known as compact excavator. It is smaller in size and thus called mini excavator. It weighs from 0.7 to 8.5 tons. Mini excavator consists of a backfill blade and a boom swing. Heavy excavators are the usual hydraulic excavators with backhoe, dipper, digging bucket and cab. Crawler excavator is a crawling digger designed to dig or move large objects. It runs or moves on a crawler chassis.

Wheeled excavators are excavator with wheels. The crawler excavator segment dominated the excavator backhoe market in 2015. It was followed by the mini excavator segment. This was due to the increasing demand for technologically advanced and fuel-efficient excavators. The excavator backhoe market is segmented by product type, application and geography.

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The product is used to place armors and large rocks, move construction materials and other construction waste in the infrastructure market. Excavator backhoe is used to dig the ground for extraction of ores in the mining industry. In waste management, excavators are employed to carry large heaps of waste from one place to another for disposal.

The excavator backhoe market is expected to grow during the forecast period due to the increase in investments in construction and mining sectors and rise in awareness about waste management. On the basis of geography, the excavator backhoe market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific dominates the largest market share in the excavator backhoe market, led by the growth in infrastructure development and rise in urbanization in China.

North America is also a favourable market for excavator backhoe. Outlook for the excavator backhoe industry in Europe also appears positive, as excavators are used on a large scale in developed countries such as Germany. The key players of excavator backhoe industry are Volvo Construction Equipment, Caterpillar Inc., John Deere, Geith, Bobcat, CASE, Komatsu Ltd., Terex, Kubota, Yuchai, Hitachi Construction Machinery Co. Ltd. and Kobelco Construction Equipment.

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